NJ State Employees Deferred Compensation Plan continued to hold its position in shares of Oasis Petroleum Inc. (NYSE:OAS) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 20,000 shares of the energy producer’s stock at the end of the second quarter. NJ State Employees Deferred Compensation Plan’s holdings in Oasis Petroleum were worth $161,000 as of its most recent filing with the SEC.
A number of other hedge funds and other institutional investors have also made changes to their positions in OAS. Bank of New York Mellon Corp raised its position in shares of Oasis Petroleum by 20.6% in the first quarter. Bank of New York Mellon Corp now owns 3,022,943 shares of the energy producer’s stock worth $43,108,000 after buying an additional 515,633 shares during the period. Henderson Group PLC raised its position in shares of Oasis Petroleum by 33.3% in the first quarter. Henderson Group PLC now owns 339,497 shares of the energy producer’s stock worth $4,841,000 after buying an additional 84,727 shares during the period. Capital Fund Management S.A. acquired a new position in shares of Oasis Petroleum during the first quarter worth about $2,150,000. DekaBank Deutsche Girozentrale raised its position in shares of Oasis Petroleum by 14.8% in the first quarter. DekaBank Deutsche Girozentrale now owns 11,819 shares of the energy producer’s stock worth $164,000 after buying an additional 1,526 shares during the period. Finally, Caymus Capital Partners L.P. raised its position in shares of Oasis Petroleum by 48.5% in the first quarter. Caymus Capital Partners L.P. now owns 4,153,200 shares of the energy producer’s stock worth $59,225,000 after buying an additional 1,356,200 shares during the period. Institutional investors own 97.05% of the company’s stock.
Oasis Petroleum Inc. (NYSE:OAS) opened at 7.95 on Friday. The firm has a 50-day moving average price of $7.81 and a 200 day moving average price of $11.31. The firm’s market capitalization is $1.89 billion. Oasis Petroleum Inc. has a 12 month low of $6.90 and a 12 month high of $17.08.
Oasis Petroleum (NYSE:OAS) last posted its earnings results on Wednesday, August 2nd. The energy producer reported ($0.05) earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.06) by $0.01. The firm had revenue of $254.10 million for the quarter, compared to analyst estimates of $255.41 million. Oasis Petroleum had a negative return on equity of 2.43% and a negative net margin of 5.16%. The company’s revenue for the quarter was up 42.0% on a year-over-year basis. During the same period in the previous year, the company posted ($0.11) earnings per share. On average, equities analysts forecast that Oasis Petroleum Inc. will post ($0.13) EPS for the current year.
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Several brokerages have recently weighed in on OAS. BMO Capital Markets set a $18.00 price objective on Oasis Petroleum and gave the company a “buy” rating in a report on Monday, May 8th. Williams Capital restated a “hold” rating and issued a $15.00 price objective on shares of Oasis Petroleum in a report on Tuesday, May 9th. Bank of America Corporation lowered Oasis Petroleum from a “buy” rating to a “neutral” rating and cut their price objective for the company from $20.00 to $16.00 in a report on Thursday, May 11th. Jefferies Group LLC restated a “buy” rating and issued a $17.00 price objective on shares of Oasis Petroleum in a report on Wednesday, May 17th. Finally, SunTrust Banks, Inc. upgraded Oasis Petroleum from a “hold” rating to a “buy” rating and upped their price objective for the company from $16.00 to $17.00 in a report on Wednesday, May 3rd. Three equities research analysts have rated the stock with a sell rating, eleven have given a hold rating, nineteen have issued a buy rating and one has given a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average price target of $14.54.
In other Oasis Petroleum news, Chairman Thomas B. Nusz sold 187,236 shares of Oasis Petroleum stock in a transaction dated Thursday, June 8th. The stock was sold at an average price of $9.50, for a total transaction of $1,778,742.00. Following the transaction, the chairman now directly owns 1,469,546 shares in the company, valued at $13,960,687. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Taylor L. Reid sold 50,000 shares of Oasis Petroleum stock in a transaction dated Friday, August 4th. The stock was sold at an average price of $7.82, for a total value of $391,000.00. Following the transaction, the insider now owns 1,175,727 shares in the company, valued at $9,194,185.14. The disclosure for this sale can be found here. Insiders own 1.90% of the company’s stock.
About Oasis Petroleum
Oasis Petroleum Inc is an independent exploration and production company. The Company is focused on the acquisition and development of unconventional oil and natural gas resources in the North Dakota and Montana regions of the Williston Basin. Its segments include Exploration and Production, Well Services, and Midstream Services.
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